Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative - S&P Global Ratings’ Credit Research

Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative

Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative - S&P Global Ratings’ Credit Research
Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative
Published Aug 05, 2009
Published Aug 05, 2009
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About This Report

  
Abstract:

Group Health Cooperative has lowered its 2009 earnings forecast and is currently expecting a pretax operating loss for the year. As a result, we are lowering all of our ratings on Group Health Cooperative to 'BBB+' from 'A-'. The outlook on the counterparty credit and financial strength ratings is negative, reflecting concerns regarding further operating performance deterioration. NEW YORK (Standard&Poor's) Aug. 5, 2009--Standard&Poor's Ratings Services today said it lowered its counterparty credit, financial strength, and senior secured debt ratings on Group Health Cooperative (GHC) to 'BBB+' from 'A-'. The outlook on the counterparty credit and financial strength ratings is negative. "The rating action is based on GHC's downward revision to its 2009 earnings forecast," said Standard

  
Report Type:

Ratings Action

Ticker
11413Z
Issuer
GICS
Managed Health Care (35102030)
Sector
Global Issuers, Public Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative" Aug 05, 2009. Alacra Store. Aug 18, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Group-Health-Cooperative-Ratings-Cut-To-BBB-Outlook-Is-Negative-738089>
  
APA:
S&P Global Ratings’ Credit Research. (). Group Health Cooperative Ratings Cut To 'BBB+'; Outlook Is Negative Aug 05, 2009. New York, NY: Alacra Store. Retrieved Aug 18, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Group-Health-Cooperative-Ratings-Cut-To-BBB-Outlook-Is-Negative-738089>
  
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